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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Sep. 30, 2020
USD ($)
Sep. 30, 2020
CNY (¥)
Sep. 30, 2019
CNY (¥)
Current assets:      
Cash and cash equivalents $ 3,301 ¥ 22,482 ¥ 3,198
Restricted cash 22 147 0
Due from related parties, net of bad debt allowance (note 3) 3,275 22,305 33,890
Accounts receivable, net 457 3,111 1,481
Advances to suppliers 363 2,473 538
Inventories (note 5) 1,992 13,568 28,527
Other current assets 45 312 1,588
Total current assets 9,455 64,398 69,222
Asset held for sale (note 6) 830 5,652 5,652
Land use rights, net (note 7) 1,437 9,785 12,913
Plant and equipment, net (note 8) 16,953 115,451 149,116
Long-term investment (note 9) 1,520 10,353 16,347
Acquired intangible assets, net (note 10) 683 4,648 5,469
Operating lease right of use assets 331 2,253  
Due from related party-noncurrent (note 3) 6,203 42,246  
Other assets 15 97 2,393
Total assets (including amounts of the consolidated VIEs without recourse to the Company of RMB244,722 and RMB144,038 as of September 30, 2019 and 2020, respectively) (note 1) 37,427 254,883 261,112
Current liabilities:      
Current portion of long-term borrowings (note 12)     78,611
Accounts payable 1,409 9,597 9,723
Due to growers 980 6,673 7,260
Due to related parties (note 3) 3,888 26,481 42,633
Advances from customers 9,499 64,690 52,244
Income tax payable 137 936 656
Lease Liability - current 82 559  
Other payables and accrued expenses (note 13) 9,988 68,004 56,675
Total current liabilities 25,983 176,940 247,802
Long-term borrowing (note 12) 20,214 137,660  
Lease Liability - noncurrent 392 2,671  
Other long-term liability (note14) 3,388 23,074 28,785
Total liabilities (including amounts of the consolidated VIEs without recourse to the Company of RMB264,074 and RMB310,711 as of September 30, 2019 and 2020, respectively) (note 1) 49,977 340,345 276,587
Commitments and contingencies (note 23)
Shareholders' equity (deficit):      
Common stock (no par value); 60,000,000 shares authorized, 4,866,633 and 5,466,633 shares issued as of September 30, 2019 and 2020 0 0 0
Additional paid-in capital (note 15) 75,575 514,675 494,098
Accumulated deficit (82,099) (559,104) (473,843)
Treasury stock at cost 34,909 and 64,909 shares as of September 30, 2019 and 2020, respectively) (1,521) (10,356) (19,163)
Accumulated other comprehensive loss (3,290) (22,405) (23,776)
Total Origin Agritech Limited shareholders' deficit (11,335) (77,190) (22,684)
Non-controlling interests (1,215) (8,272) 7,209
Total deficit (12,550) (85,462) (15,475)
Total liabilities and equity $ 37,427 ¥ 254,883 ¥ 261,112